Refers to compulsory or coercive money collection by a levying authority, usually a government. The term "taxation" applies to all types of involuntary levies, from income to capital gains to estate taxes. Though taxation can be a noun or verb, it is usually referred to as an act; the resulting revenue is usually called "taxes."
Questions tagged [taxation]
321 questions
7
votes
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What are the pros and cons of eliminating corporate taxes?
I recently heard a story on npr about economic policy changes that both liberal and conservative economists definitively agree on. Among other things, complete elimination of corporate taxes was mentioned.
I'm curious to know more about what the…
Paul
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7
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5 answers
How can consumption taxes be made progressive?
Consumption taxes (VAT, sales tax) are mostly applied at a flat rate. Some countries have exemptions or lower ratings for essential goods. But even with that, the tax is much less progressive than other taxes, like income tax.
There have been some…
paj28
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What are the arguments against a zero corporate tax?
I've read a title in the news proposing a zero corporate tax. Thinking about it I couldn't figure a good reason against.
Why couldn't a country just set the corporate tax rate for firms to zero and then tax any gain obtained via negotiating shares…
Three Diag
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6
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2 answers
Are sales taxes regressive?
There are competing definitions of regressive taxes out there:
On Wikipedia:
A regressive tax is a tax imposed in such a manner
that the tax rate decreases as the amount subject to taxation
increases.
In a textbook I use (Case, Fair, and…
Shane
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6
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3 answers
How does lowering a corporate tax rate benefit a nation?
When governments talk about about lowering corporate tax rates they claim there is benefit in one form or another. The problem is the mechanism of how the benefit can work is never explained.
The closest I've seen is that it will result in more…
user1605665
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5
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3 answers
What is the difference between VAT and corporate tax
Many times I hear that VAT (value added tax) is a "good" tax, while corporate tax is a "bad" tax/ However, both taxes take a cut from the difference between the income of a company and its expenses, and seem therefore to be economically equivalent.…
eyal
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Why do we use tax brackets?
Majority of countries (if not all) use tax brackets to define how much tax should the earning workforce pay. So we could have something like this.
Pay | Tax
0 - 10,000 | 10%
10,001 - 20,000 | 20%
20,001 - 30,000 | 30%
etc.
The breakpoints are what…
lmenus
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4
votes
1 answer
How to determine regressive tax
I have a mock-up exam that my teacher gave me and one of the questions was the following:
Given these four graphs, which one represents regressive tax?
I'm quite sure it's graph A, but I don't seem to be able to find a proper reason why. Any help…
Robin Haveneers
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3
votes
1 answer
How does corporate income tax apply?
I am very confused regarding the corporate income tax. Please explain me the following scenario:
"Teddy Bears Company" buys stocks of 1000 euro (VAT added). Then, in 1 month sells everything with 1500 euro and makes a profit of 500 euro.
Where comes…
xcosmi
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Example of countries restricting companies registered in tax havens?
I would like to know which countries do not allow companies with offices registered in tax havens to operate on their territory. And if there are such countries, to what degree their restrictions apply.
Probably the former communist countries had…
Joe Jobs
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2
votes
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Did cutting coporation tax in the UK lead to an increase in revenue?
In a quote in this report in the Daily Express Jacob Rees-Mogg asserts that:
Cutting corporation tax from 28 percent down to 19 percent led to about a 50 percent increase in corporation tax revenues and an increase in corporation tax as a…
Paul Johnson
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2
votes
1 answer
What is the term for the cannibalization of one tax by another?
The context for the question is a situation where a government-owned lottery pays corporation tax, but an additional betting duty levied on individual gamblers reduces the lottery's profits, thereby decreasing the amount of corporation tax received…
Erik Kowal
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2
votes
1 answer
Do US 501(c)(3) non-profits have to divulge their investments?
Do US non-profit organizations with tax exemption under Section 501(c)(3) of its Internal Revenue Code which have investments (such as university endowment funds) have to divulge these investments in any sort of filings? If so, are these required to…
joshlf
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2
votes
3 answers
Total UK Household Income
How would I calculate the total UK household income? I want to be able to estimate what a flat 10% income tax would generate (with no personal allowance or other tax breaks).
Not that I agree with this idea!
jamie
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vote
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Why is it said that Sweden has a regressive income tax system?
Quoting from Wikipedia
Sweden has a progressive income tax, the rates for 2014 are as follows:
0% from 0 kr to 18,800 kr (~0 – 2,690 USD)
Circa 31% (ca. 7% county and 24% municipality tax): from 18,800 kr to 433,900 kr (~2,690 – 62,140 USD)
…
Luis Masuelli
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